By Saskia Warrick | February 4, 2025 Guysons Incorporated, a majority Guyanese-owned manufacturing company, has expanded its operations under the Local Content Legislation, securing a manufacturing contract with ExxonMobil. The agreement marks a significant development in the implementation of policies aimed at increasing local business participation in the oil and gas sector. The company has […]
By Delicia JanneireFebruary 4, 2025 The National Assembly has approved $141.45 billion in budgetary allocations for the Office of the Prime Minister, paving the way for significant advancements in the Gas-to-Energy (GTE) project at Wales and the electronic identity card (e-ID) initiative. Of the total sum, $51.2 billion has been allocated for the second phase […]
Feb 3, 2025 Banks DIH’s Linden branch has reported a 29% increase in profits for the fiscal year 2024, earning $2.4 billion in revenue. This represents an increase of $557.2 million compared to the previous financial year. At the recent shareholders’ meeting held at the Watooka Guest House in Linden, Branch Manager Sean Grant announced […]
By Saskia WarrickFebruary 1, 2025 The Ministry of Natural Resources will intensify its land reclamation efforts and enhance monitoring in mining districts to curb environmental infractions. Minister Vickram Bharrat made the announcement while detailing his ministry’s budgetary allocations in the Committee of Supply on Friday. This year, an additional $300 million has been allocated for […]
By Celestine ChaconJanuary 31, 2025 Trade between Guyana and China experienced significant growth in 2024, with an increase of US$1.4 billion, marking a 14.4 percent rise from the previous year. This positive development was highlighted by Chargé d’Affaires of the Chinese Embassy in Guyana, Huang Rui, during a dinner event hosted to celebrate the Chinese […]
By Kimberly Giddings | January 21, 2025 Etkezo, formerly known as RS53 Resto Bar & Lounge, has officially reopened with a fresh new concept focusing on fine dining and exceptional cuisine. The restaurant, now located in the Amazonia Mall, is the brainchild of former cricketer Ramnaresh Sarwan, who has partnered with Lazeez Fusion in this […]
By Celestine Chacon | January 20, 2025 Guyana’s economy has seen extraordinary growth, with its Gross Domestic Product (GDP) soaring by 43.6% in 2024, surpassing the 33% growth achieved in 2023. This was announced by Finance Minister Dr. Ashni Singh during his presentation of the 2025 national budget. Despite facing global inflationary pressures, Dr. Singh […]
January 20, 2025 The Institute of Private Enterprise Development (IPED) is set to expand its services with the opening of a new branch on the Soesdyke-Linden Highway. This announcement was made by Robert Williams, the Business Development and Marketing Manager, during an exclusive interview with NCN Business. Williams shared that IPED had a successful year, […]
By Delicia Janneire | January 11, 2025 Guyana has taken a significant step forward in its energy development with the signing of a US$527 million loan agreement with the United States Export-Import (US EXIM) Bank for the Gas-to-Energy (GTE) project. The agreement was formalized on Friday during a ceremony at the project site in Wales, […]
By Radha Motielall | January 8, 2025 As part of the ongoing consultation process for the 2025 National Budget, President Dr. Irfaan Ali visited Foulis, located on the East Coast of Demerara, to engage with residents about their concerns and aspirations. This grassroots approach to budgeting is a key feature of the government’s preparation process. […]